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Oct 4, 2012
10/12
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they were deficit financed in the first place. the president is counting on savings from last year when the white house and congress raised the debt ceiling. >> andrea mitchell reporting. lawrence o'donnell asked martin o'malley what president obama should do next time he faces mitt romney in a debate? >> i think the president has to keep doing what he's doing. be truthful about why he made the choices he made. keep talking about the fact we are moving forward, not back with positive job growth. he has to continue to press governor romney that he's not putting forth the specifics of how he would do the various things he promised. it is a choice right now between two alternatives. i think problem's is based on the reality of the decisions we must make together as a people if we want a better and stronger economy. don't miss lawrence o'donnell on msnbc, the place for politics. here is a look at other news. in south carolina, a viole attack caught on camera. a convicted robbery defendant surprised his public defender with a roundhous
they were deficit financed in the first place. the president is counting on savings from last year when the white house and congress raised the debt ceiling. >> andrea mitchell reporting. lawrence o'donnell asked martin o'malley what president obama should do next time he faces mitt romney in a debate? >> i think the president has to keep doing what he's doing. be truthful about why he made the choices he made. keep talking about the fact we are moving forward, not back with...
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Oct 20, 2012
10/12
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FOXNEWS
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he said that he'd cut in half the deficit. he just hasn't been able to put in place reforms for medicare and social security to preserve them. that's what this election is about. it's about who can get the middle class in this country a bright and prosperous future and assure our kids the kind of hope and optimism they deserve. >> this is the big mega theme that romney is developing, focused on the economy, nationally based, not regionally based. i thought that was his most effective answer in that debate. >> oh, i did, too. i think it was the megaissue. i think that fellow put his finger right on it. how can we relate my economic life, my daily life, to what's going on in the larger economy? and president obama virtually had nothing to say to him. by the time he was done, he was talking about ending the war in iraq and killing bin laden. >> don't forget, but 100,000 -- >> right. >> the romney critique, the litany of obama broken promises that he went through, that was the best part of the debate. i would like to see romney do
he said that he'd cut in half the deficit. he just hasn't been able to put in place reforms for medicare and social security to preserve them. that's what this election is about. it's about who can get the middle class in this country a bright and prosperous future and assure our kids the kind of hope and optimism they deserve. >> this is the big mega theme that romney is developing, focused on the economy, nationally based, not regionally based. i thought that was his most effective...
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Jun 16, 2012
06/12
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to pass a state budget with a plan balances the $15.7 billion deficit to it makes your customer to welfare and child care than the governor wanted in my meeting the deadline lawmakers can keep collecting their paychecks reporter elizabeth cook shows us some say this budget is smoke and mirrors. and is not a moment too soon lawmakers passed in $92.1 billion plan they say is the solution to california's budget crisis. >>> we have an opportunity to put this budget deficit behind us. the equates the founding fathers with up to us and said it passed a that a single republican vote to the chairman of the san francisco hispanic republicans as this proposal only offers more problems with no solution. the equates and the budget with nothing for the people except taxes. and more death to the private sector. the budget would include cuts in more than $1 billion to metical $4 million from the courts and a 5% cats to workers' compensation. >>> we produce a but here it is balanced and balance in years to three and four with actual year for having a significant surplus. after a week of debate lawmakers a
to pass a state budget with a plan balances the $15.7 billion deficit to it makes your customer to welfare and child care than the governor wanted in my meeting the deadline lawmakers can keep collecting their paychecks reporter elizabeth cook shows us some say this budget is smoke and mirrors. and is not a moment too soon lawmakers passed in $92.1 billion plan they say is the solution to california's budget crisis. >>> we have an opportunity to put this budget deficit behind us. the...
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Oct 4, 2012
10/12
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about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank that make all of the sense in the world. >> and back in june, romney mocked the president's crazy ideas a
about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18...
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Sep 7, 2012
09/12
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CNBC
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as a result we have been adding 8 to 10% to the deficit every year. now we are talking about having a debt to gdp ratio of around 70%. we are going to look like italy soon. >> i know. that's the problem. we can't afford it. so much of this stuff is making promises we can't afford. anyway, ed lazear, thank you very much for coming on. >> thank you. >> coming up, fed stimulus. that's what the jobs number is supposed to represent. you think markets would have been jumping for joy. why the gloomy stock market action? other than gold which had a great day. we'll ask phil orlando of the distinguished federated investors. later on, not only was the jobs number an economic disaster, it was a political disaster. obama's failed speech and failed jobs creation has now opened the door wide for mitt romney. he's got a big opportunity. our free market friday panel is going to sound off. folks, as always, don't forget. free market capitalism is the best path to prosperity. if we had more free market capitalism and more economic freedom we would be growing jobs at 4,
as a result we have been adding 8 to 10% to the deficit every year. now we are talking about having a debt to gdp ratio of around 70%. we are going to look like italy soon. >> i know. that's the problem. we can't afford it. so much of this stuff is making promises we can't afford. anyway, ed lazear, thank you very much for coming on. >> thank you. >> coming up, fed stimulus. that's what the jobs number is supposed to represent. you think markets would have been jumping for...
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you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to deficit reducti. listen to the top democrat in the house of epresentatives, the former speaker of the hous unveiling -- on dealing with the fiscal crisis one more time. >> in many homes across america ad is a very, ver lean time. you cannot cut your way to deficit reduction. lou: today said nority leader appeared to be trying to outperform policy and the political rhetoric of the absurd . senator reid's reason to be wary ofeducing spending. >> the european community now is concerned about all the austerity. there are many, my things you can do to reduce debt but still have a stimulus aspect of the economy. >> that -- lou: the sete's top democrat believes we should return to europe for inspiration and guance for fisal policy, taking greece, perhaps, as a standard for dealing with economic and budget crises. the speaker did a charge the president is slow walking th nation to the brink of a fiscal cliff. that is one of the speakers
you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to deficit reducti. listen to the top democrat in the house of epresentatives, the former speaker of the hous unveiling -- on dealing with the fiscal crisis one more time. >> in many homes across america ad is a very, ver lean time. you cannot cut your way to deficit reduction. lou: today said nority leader appeared to be trying to outperform policy and the political rhetoric of the absurd ....
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. >> and that is increasing and guess what, that adds up to the deficit, right? >> david, the problem is deeper than wh you are describing. this goes back decades. when you look at entitlement spending over the last half century, it has steadily crept up four percent every year and that includes adjustments for pulation growth. so what then? you increase taxes four percent every year? that is absurd. at some point we need both parts to come together and tax this entlement creep. we mention obama ape lot. he hasn't helped the numbers. but when you look at enment spending it goes up under a republican president. he can go in this and blame the republicans. >> i didn't know there was a entitlement creep. maybe i got you wrong. >> it is it an itch. >> and john, what abouthis. we have a budget if you can call it a budget that includes tax increases and no cuts at all from our treasury security. >> the tax increase aspect is ridickulous. we have a spending problem . you look at entitlements. i think it is i i don't they should exist. we did make promises and so the ide
. >> and that is increasing and guess what, that adds up to the deficit, right? >> david, the problem is deeper than wh you are describing. this goes back decades. when you look at entitlement spending over the last half century, it has steadily crept up four percent every year and that includes adjustments for pulation growth. so what then? you increase taxes four percent every year? that is absurd. at some point we need both parts to come together and tax this entlement creep. we...
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Nov 13, 2012
11/12
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influential labor and business leaders and also going to try to discuss how they think we should control the deficit. labor leaders help president obama win re-election and they are expected to make a hard push that any deals keep entitlement programs intact. >>> there is a major shakeup at a tech giant this morning. the head of microsoft is leaving the company. let's take an early look at the markets with geoff cutmore in london. >>> good morning to you. well, yes, 23-year veteran of microsoft, steven sinofsky is gone. and there are questions now as to why because he presided over the launch of windows 8 and the new surface tablet. everything seemed to be going fine. they've now talked about, in some of the blogs, perhaps there was an abrasive management style with some of the other executives. just rubbed some people up the wrong way. also talk that steve baumer is consolidating his grip on the business and steven sinofsky was talked about at one time as a potential ceo for the business. >>> one other story i want to focus on, i don't know how you guys do your thanksgiving dinner, increasingly the
influential labor and business leaders and also going to try to discuss how they think we should control the deficit. labor leaders help president obama win re-election and they are expected to make a hard push that any deals keep entitlement programs intact. >>> there is a major shakeup at a tech giant this morning. the head of microsoft is leaving the company. let's take an early look at the markets with geoff cutmore in london. >>> good morning to you. well, yes, 23-year...
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Oct 6, 2012
10/12
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deficits. they both have a ltle problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not very popular. how does play in florida with all those seniors? >> right now in florida, you've got about 12 million registered voters. 36%
deficits. they both have a ltle problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think...
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Sep 22, 2012
09/12
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we've got to cut the deficit. we've got to stop spending more money than we take in. and regulations and health care policies that help small business and put those in place, 12 million new jobs in four years. >> paul: the question is, will it work? let's ask wall street journal columnist and deputy editor dan henninger, james freeman and washington columnist kim strassel. so, kim, what do you think about this new strategy? and i guess maybe start with the question of what does it say about the campaign that they feel they need a new strategy or a new direction focus two weeks after-- three weeks after the republican convention? >> well, they have had this perfect form over the last couple of weeks, they saw their poll numbers going down, following the democratic convention. there was this flap over mr. romney and his comments about egypt and libya, and then, you know, now the latest thing that he said about the 47% out there. so, there's been a lot of nervousness in the republican field and the silver lining of this, if there is one, it does give them an opportunity
we've got to cut the deficit. we've got to stop spending more money than we take in. and regulations and health care policies that help small business and put those in place, 12 million new jobs in four years. >> paul: the question is, will it work? let's ask wall street journal columnist and deputy editor dan henninger, james freeman and washington columnist kim strassel. so, kim, what do you think about this new strategy? and i guess maybe start with the question of what does it say...
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Jun 3, 2012
06/12
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about how much you will invest as well when you don'tt know the outcome of the serious issues -- the deficit or even such a thing as raising the debt limit. who wants to invest in that kind of climate? >> to answer the question charles said about the ryan plan the ryan plan n does do some irresponsible stuff on entitlements -- some responsible stuff on entitlements, but it is a hopeless plan because there are no tax increases. no reasonable economist has said that you can get away with cutttting taxes. you have to somehow raise revenues, we cannot get out of this fix. you need people to spend money to aid people don't spend momoney unless an they feel well to the confidedence -- the state bank feel relatively confident -- unless theyy will have a confident. of course businesses aren' not going to invest. they don't have people buying their stuff at the moment. >> where has austerity worked? what is the laboratory -- where has it worked politically? >> it worked in germany which 10 years ago, began austerity began renegotiating contracts with unions, had cut back in wages, and as a rest has w
about how much you will invest as well when you don'tt know the outcome of the serious issues -- the deficit or even such a thing as raising the debt limit. who wants to invest in that kind of climate? >> to answer the question charles said about the ryan plan the ryan plan n does do some irresponsible stuff on entitlements -- some responsible stuff on entitlements, but it is a hopeless plan because there are no tax increases. no reasonable economist has said that you can get away with...
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Dec 1, 2012
12/12
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our biggest near term problem is not the budget deficit. that is a long-term problem, a serious problems, we have a chance to do something about it. . if we can at the same time, help the 2013 economy by giving it a bit of a boost, that means a lot to workers, their paychecks, job availability. i'm very happy to see that was in there. >> when you look at the white house's proposal, what do you think they think they can actually get? >> i think they think they can get the increase in the top rates. that's the biggest kind of thing to finally break the mold on that, to really push back against the kind of grover norquistian asymmetry. i think they can get that. i'm not sure we end up at 396 for the top rate, but i think they will get that. i think probably by giving some on the entitlements as is in their opening bid, they will be able to get back to perhaps some of the stimulus ideas as well. certainly on the taxes. and maybe something on the near term to help the economy. >> i've been talking to a number of republican offices. one thing i'v
our biggest near term problem is not the budget deficit. that is a long-term problem, a serious problems, we have a chance to do something about it. . if we can at the same time, help the 2013 economy by giving it a bit of a boost, that means a lot to workers, their paychecks, job availability. i'm very happy to see that was in there. >> when you look at the white house's proposal, what do you think they think they can actually get? >> i think they think they can get the increase in...
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Oct 15, 2012
10/12
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CNBC
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the deficit and debt comes from reducing the trajectory of government spending. tax cuts don't pay for themselves. tax reform requires base broadening and bringing down the deficit requires hard choices on spending, as gov more romney said. >> looking at this new york times, martin bailey was one of the critics of the romney economic plan. he's basically saying the plan looks like a the bush plan, the tax cut plan out of president bush. he said the tax cuts left the country with the wherewithal to battle the recession. how do you look at martin bailey's criticisms and come up with plans to offset that? what is your answer to that? >> governor romney is proposing a very different plan from president bush. he's planning to decelerate the growth of government spending. as we know, spending accelerated in bush years. not a desirable thing at all. romney is proposing tax reform. it cuts marginal rates, that's correct, but also broadens the tax base. this is much more akin to bowles/simple son or 2005 president advisory commission, the kind of things the country used t
the deficit and debt comes from reducing the trajectory of government spending. tax cuts don't pay for themselves. tax reform requires base broadening and bringing down the deficit requires hard choices on spending, as gov more romney said. >> looking at this new york times, martin bailey was one of the critics of the romney economic plan. he's basically saying the plan looks like a the bush plan, the tax cut plan out of president bush. he said the tax cuts left the country with the...
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Jan 29, 2012
01/12
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CNNW
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has had a trade deficit since 1975 and, yet, we've grown. but the u.s. economy is not built on exports. japan's economic rise on the other hand has been almost entirely powered by exports. so what has changed in japan? the japanese government would like to blame one-off events. last year's earthquake and tsunami crippled factories and shut down nuclear energy reactors. the off shoot of that was decreased economic output. plus, they needed import expensive oil from the middle east. natural disasters have only highlighted and accelerated existing trends in japan. a decline in competitiveness and an aging work force. china and other ease asian country with make cheaper products and in greater quantities. add to that a rising yen, and japan's exporters have been at a disadvantage globally. it doesn't make sense to manufacture in japan. add to this japan's demographics. between 1990 and 2007 japan's working population dropped from 86 million to 83 million. at the same time americans between the ages of 15 and 64 rose from 160 million to 200 million. in a glob
has had a trade deficit since 1975 and, yet, we've grown. but the u.s. economy is not built on exports. japan's economic rise on the other hand has been almost entirely powered by exports. so what has changed in japan? the japanese government would like to blame one-off events. last year's earthquake and tsunami crippled factories and shut down nuclear energy reactors. the off shoot of that was decreased economic output. plus, they needed import expensive oil from the middle east. natural...
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Sep 30, 2012
09/12
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mitt romney doesn't have a deficit plan. he's got a plan to cut taxes for millionaires and billionaires. one of the things that will be interesting wednesday, if he'll finally explain hows had math adds up. he's got a $5 trillion tax cut and nour $2 trillion in defense spending that our defense leaders say they don't need if he's not going to add to the deficit, the middle class better watch out because they're going to pay the burden if he's elected president, because the whole is just too big. so if he says he's not going to burden the middle class, then he's going to blow a hole in the deficit. >> will we see president obama on "meet the press" before election day? >> there's 37 days left. so we'll stay in contact about it. >>> coming up, we talk more about the first debate. what are the stakes for both campaigns. the round table will get into it founder of the faith and freedom coalition, ralph reed, former democratic pennsylvania governor, ed rendell. the bbc's catty kay and nbc's chuck todd. here's what happened... i w
mitt romney doesn't have a deficit plan. he's got a plan to cut taxes for millionaires and billionaires. one of the things that will be interesting wednesday, if he'll finally explain hows had math adds up. he's got a $5 trillion tax cut and nour $2 trillion in defense spending that our defense leaders say they don't need if he's not going to add to the deficit, the middle class better watch out because they're going to pay the burden if he's elected president, because the whole is just too...
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Feb 17, 2012
02/12
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MSNBC
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needs to g s ts t s ts t s deficit reduction. we have the cochair of the deficit commission. srnts, welcome, good to see you, congratulations to book, the biology is called -- >> i did not write it. and i do not get a nickel. >> it's a biography, but it's called "shooting from the lip" because you know something about that, do you have advice for foster friess on how to deal with women? >> foster friess is my neighbor up the river and i really cannot add anything to that at all. i mean, that is a bizarre statement, it is certainlily not politically correct. if that, and i do not like applicant cal -- do not like political correctness, i should not have said that, he is a man of good humor and he thought it was funny. and knowing him, he thought it was funny. kind of getting full of himself, i have done that. i know there's a fine line between smart humor and smart -- >> thank you for your perspective, we have with all crossed the line at one time or another. but one thing we are not joking about is the budget and deficit. how do you feel about all of the opinion of we to not
needs to g s ts t s ts t s deficit reduction. we have the cochair of the deficit commission. srnts, welcome, good to see you, congratulations to book, the biology is called -- >> i did not write it. and i do not get a nickel. >> it's a biography, but it's called "shooting from the lip" because you know something about that, do you have advice for foster friess on how to deal with women? >> foster friess is my neighbor up the river and i really cannot add anything to...
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Dec 25, 2012
12/12
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FBC
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continuing to run these huge deficits. gerri: it will take over our budget, the only thing we pay for. as you pointed out, the services found we can't even get the front portion of this right. this is a topic you're very interested in. we're trying to find fraud and found 20 million in overpayment. what is wrong with the system here? >> it is the bureaucrats implementing what is a good law. what we did was follow the credit card industry does. many of your viewers have had transactions on the credit card for the credit card company called and said there is a fraud alert on your card, did you really do that transaction? that is computer modeling looking at your spending habits and sees if they're in the normal course of your spending and if they are not, the computer puts up the red flag and they check with you and if you say no, they don't pay. but to something working in the private sector, $2 trillion credit card business paying very little in fraud, stop the fraud and let's apply that to medicare. between medicare and m
continuing to run these huge deficits. gerri: it will take over our budget, the only thing we pay for. as you pointed out, the services found we can't even get the front portion of this right. this is a topic you're very interested in. we're trying to find fraud and found 20 million in overpayment. what is wrong with the system here? >> it is the bureaucrats implementing what is a good law. what we did was follow the credit card industry does. many of your viewers have had transactions on...
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Oct 14, 2012
10/12
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FBC
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washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. none other than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is john browne he believes they do not deserve the award. we also have the opposing view. richard, i will read the review of the european union for over six decades continue to the event apiece and reconciliation and human-rights in europe. why do you think they chose the e.u.? >> first, you and i are young but if you look back 70 years they only had the balkans war. europe has been saved and pay it -- peaceful. is a little aspiration all. that the european union do more. >> should you have the economies that were also? >> piece was insured by nato and the deterrent combined with the united kingdom
washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. none other than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is...
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Jan 10, 2012
01/12
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CNNW
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our messaging has been right on in terms of talking about the economic deficit and trust deficit. it really is kaekt connecting, but more than that, they feel your heart and soul. >> let me ask you about something going on today between you and mitt romney. here's what he had to say about jobs and liking to fire people. here he is. >> i want individuals to have their own insurance. that means the insurance company will have an incentive to keep you healthy. it also means if you don't like what they do, you can fire them. i like being able to fire people who provide services to me. >> i don't know if he was joking, but here's what you said earlier today on the campaign trial in response. >> i will always put my country first. it seems that governor romney believes in putting politics first. governor romney enjoys firing people. i enjoy creating jobs. >> now, do you think that was entirely fair or it seems like he was trying to make a joke like about liking to fire the cable or insurance guy. >> well, he said he enjoys firing people. this time is very painful for families. moms and
our messaging has been right on in terms of talking about the economic deficit and trust deficit. it really is kaekt connecting, but more than that, they feel your heart and soul. >> let me ask you about something going on today between you and mitt romney. here's what he had to say about jobs and liking to fire people. here he is. >> i want individuals to have their own insurance. that means the insurance company will have an incentive to keep you healthy. it also means if you...
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163
Dec 11, 2012
12/12
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FBC
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the obama plan has $2 trillion in deficit reduction over the next ten years. the boehner plan goes for $2 trillion in deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, all right? we're going to get $2.2 billion in the spending of this country. let me rephrase that. that'll be a $2.2 trillion reduction in the total planned spending. the growth of our spending will alter, it'll be just about that line right there. we're potentially looking at the republican plan, well, in 2020, i guess the best way to show you is just how tough it is. we'll only have a deficit and a debt, a national debt under the boehner plan -- remember, this is the o plan, this is the b plan -- $25.2 trillion by 2022. mr. obama wants $350 billion in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and what you and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as
the obama plan has $2 trillion in deficit reduction over the next ten years. the boehner plan goes for $2 trillion in deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, all right? we're going to get $2.2 billion in the spending of this country. let me rephrase that. that'll be a $2.2 trillion reduction in the total planned spending. the growth of our spending will alter, it'll be just about that line right there. we're potentially looking at the republican plan, well, in 2020,...
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Jun 16, 2012
06/12
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KPIX
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the plan balances california's $15.7 billion deficit. the budget makes your cat's welfare and child care by a meeting today's deadline lawmakers can keep life in their paychecks. the cbs five reporter shows as some say this budget is just smoke and mirrors. not a moment too soon lawmakers passed a $92.1 billion plan they say is the solution to california's budget crisis. we have an opportunity to put this budget deficit behind us. the airways i think the founding by others with less and said only god. >>> it passed without a single republican vote the chairman of the san francisco has been a republican says this proposal only offer is more problems with no solutions. did we its asset here we go again. another budget with nothing for the people except taxes. and more debt to the private sector. the budget would include cuts to $1 million for metical 540 million from california courts and a 5% cut to workers compensation. did police we have produced the budget here that is balanced in your one and the balance in years to three and four wit
the plan balances california's $15.7 billion deficit. the budget makes your cat's welfare and child care by a meeting today's deadline lawmakers can keep life in their paychecks. the cbs five reporter shows as some say this budget is just smoke and mirrors. not a moment too soon lawmakers passed a $92.1 billion plan they say is the solution to california's budget crisis. we have an opportunity to put this budget deficit behind us. the airways i think the founding by others with less and said...
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Dec 31, 2012
12/12
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part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
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Oct 5, 2012
10/12
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CURRENT
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focused on energy and education on the right way to fix the deficit. romney's approach is the wrong approach on taxes on deficit on wall street reform, on medicare and healthcare. >> eliot: on "good morning america," comedian jon stewart said he tried the same strategy in an upcoming debate with bile o'reilly. >> strategy that obama took, it is the rope-a-dope but instead of letting your opponent punch himself out you just get beat up. >> eliot: ouch. piling insult on top of self-inflicted injury, john sununu told msnbc's andrea mitchell -- >> what people saw last night i think, was a president that revealed his incompetence, how lazy and detached he is. >> did you really mean to call barack obama the president of the united states lazy? >> he didn't want to prepare for this debate. he's lazy and disengaged. >> eliot: wow. asked if sununu's comments had overtones, it seems that way. obama's senior adviser david axelrod thinks romney's say what works strategy will ultimately work against him. >> eliot: which had better mean the next debate unless the pr
focused on energy and education on the right way to fix the deficit. romney's approach is the wrong approach on taxes on deficit on wall street reform, on medicare and healthcare. >> eliot: on "good morning america," comedian jon stewart said he tried the same strategy in an upcoming debate with bile o'reilly. >> strategy that obama took, it is the rope-a-dope but instead of letting your opponent punch himself out you just get beat up. >> eliot: ouch. piling insult...
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there are studies that say over million people and other deficits, close the huge deficits might not have a huge effect on the economy, however, if xes across the board and let's not forget the spending cuts that are ought maic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts,
there are studies that say over million people and other deficits, close the huge deficits might not have a huge effect on the economy, however, if xes across the board and let's not forget the spending cuts that are ought maic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it...
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Nov 27, 2012
11/12
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meantime he will continue to go ahead and increase the deficit. so i don't have any faith in it. look, this morning i was on "fox & friends." i outlined a lot of alternatives we could do where we wouldn't have to raise taxes. one was, i already introduced legislation that would take care of that. we covered it at some length. but if you looked at what happened in the past, the best way to do this is get all these regulations out of the way so people can grow their own businesses. for everyone percent increase in -- everyone% increase in that was kennedy back in the '60s. he discovered that. that wasn't republican idea. melissa: you're talking about regulation. i know you're really focused on the epa so i don't want to run out of time without asking you. we'll have the ceo of transcanada later talking about the xl pipeline. this is another thing we left to be resolved after the election. do you think we'll see that full pipeline approved and put into place? what do you think? >> well, i think obviously we should but you still have the far left is going to be pulling on the preside
meantime he will continue to go ahead and increase the deficit. so i don't have any faith in it. look, this morning i was on "fox & friends." i outlined a lot of alternatives we could do where we wouldn't have to raise taxes. one was, i already introduced legislation that would take care of that. we covered it at some length. but if you looked at what happened in the past, the best way to do this is get all these regulations out of the way so people can grow their own businesses....
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Oct 17, 2012
10/12
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CNBC
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that led to this collapse, particularly the unfunded bush tax cuts that really put us in a permanent deficit position. it is not something that president obama invented. and secondly, as you know i'm a huge fan of what president obama did on the auto industry, and he reminded us of this. it was not a bailout, but a restructuring, and the important difference, unlike where they gave the banks a lot of money, president obama went in and fired the board and restructured the companies. nobody was going to put money into gm or chrysler until there was a change in top management. the same thing that bill ford did for himself at ford. if they had done that. it would have been successful. and he really made that, they're up from annualized run rate, from 9 million, it is a big success story. he reminded us of that. and finally, i thought one of his best lines was mitt romney fundamentally has a one-point plan, which is cut taxes for rich folks. bush took the level down from 14% of gdp, we haven't had a government in almost 50 years that could survive on that, they were unfunded. >> that was on the d
that led to this collapse, particularly the unfunded bush tax cuts that really put us in a permanent deficit position. it is not something that president obama invented. and secondly, as you know i'm a huge fan of what president obama did on the auto industry, and he reminded us of this. it was not a bailout, but a restructuring, and the important difference, unlike where they gave the banks a lot of money, president obama went in and fired the board and restructured the companies. nobody was...
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Nov 2, 2012
11/12
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that is a step towards the clowing the deficit. i see more about addressing it from that alone from obama than anything from romney, which screams exploding deficit. >> you i go forred the fact that he's committed he will not allow the deficit to increase. in fact, he's willing to hold himself accountable for significant reduction in debt as a percentage to the economy. here's one thing about this. you can't play games with the numbers. ultimately one of the things that you really can hold a president responsible and accountable for is how do the numbers actually turn out? what does the deficit look like? what does the debt look like? what does economic growth look like? what does employment and inflation look like? these are objective numbers to hold people accountable for, and he will be hold accountable. he has proven leadership abilities in all sectors of the economy. he has change and experience in all three sectors of the economy. he's proven he can work on a bipartisan basis, and he has experience that i think demonstrates t
that is a step towards the clowing the deficit. i see more about addressing it from that alone from obama than anything from romney, which screams exploding deficit. >> you i go forred the fact that he's committed he will not allow the deficit to increase. in fact, he's willing to hold himself accountable for significant reduction in debt as a percentage to the economy. here's one thing about this. you can't play games with the numbers. ultimately one of the things that you really can...
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Sep 14, 2012
09/12
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CURRENT
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going to spend forth the extra $2 trillion on military and not stay neutral on taxes and reduce the deficit then every program we have for the -- at home gets devastated. >> eliot: 3.75% of gdp is for everything including military, military is 4%, it means we have nothing left for everything else... education, justice. >> 4% for the military, that does not include all of the money we spend on homeland security. so in addition to all of the -- it is an extraordinary waste of money. we're still protecting western europe against stalin. we waste enormous amounts. whoa, you have to be careful. the chinese are gaining. chinese got their first aircraft carrier. it is a reconditioned ship they brought from ukraine and they have model airplanes on it because they've got to learn how to use it. i don't think that means we have to spend another $2 trillion. >> eliot: your logic impeccable. i hope the folks listen and vote as you recommended. congressman, thank you. >> eliot: healthcare reform is working. we've got the numbers to back it up. i'll talk, with congressman raul grijalva coming up. jack yo
going to spend forth the extra $2 trillion on military and not stay neutral on taxes and reduce the deficit then every program we have for the -- at home gets devastated. >> eliot: 3.75% of gdp is for everything including military, military is 4%, it means we have nothing left for everything else... education, justice. >> 4% for the military, that does not include all of the money we spend on homeland security. so in addition to all of the -- it is an extraordinary waste of money....
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Nov 16, 2012
11/12
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we have had trillion dollar deficits for the last four years. they are protecting the trillion dollar deficits for the next four years. lou: when we come back and i want to talk to you about benghazi, petraeus, and the degree to which we should expect anyone to pay attention to what would be the impact if the president has his way on taxes and thhouse republican leadership paid-in and simply accede to his wishes without concerning themselves with the consequences. we will be right back with monica crowley and ron in just a moment. what role will the united states play? we will be talking with k.t. mcfarland about that. general p lou: it looks like we are fully prepared to widen hostilities. and frankly, we are talking about a widening war. >> yes, it will take a long time to get israel's enemies act out. this will end up, and i hope i'm wrong about this, this will end up being where america's enemies perceive a second term from another four years -- he had just our allies and embraced her enemies. you deal with the mouse, they are going to log o
we have had trillion dollar deficits for the last four years. they are protecting the trillion dollar deficits for the next four years. lou: when we come back and i want to talk to you about benghazi, petraeus, and the degree to which we should expect anyone to pay attention to what would be the impact if the president has his way on taxes and thhouse republican leadership paid-in and simply accede to his wishes without concerning themselves with the consequences. we will be right back with...
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Dec 30, 2012
12/12
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part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
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Nov 28, 2012
11/12
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CNNW
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we do have a huge budget deficit. i don't think taxes should be increased on the middle class but we have an almost record percentage of total national income going to the wealthiest 1% of americans. i don't see why they should be let off the hook. why shouldn't they pay their fair share? they are paying a lower tax rate today and effective -- >> that doesn't solve the problem. >> -- in about 80 years and it will help solve the problem because that means more revenues into government. almost everybody, everybody who has looked at this issue, common sense party people, will say that you've got to have some balance between spending cuts and tax increases, particularly on the wealthy. i don't see what the problem is. we had a tax increase on the wealthy in the clinton administration, the economy did tremendously well. we had a tax cut particularly on the wealthy in the bush administration, the george w. bush administration, and very few jobs were created and the median wage started to drop, and that ended in the great re
we do have a huge budget deficit. i don't think taxes should be increased on the middle class but we have an almost record percentage of total national income going to the wealthiest 1% of americans. i don't see why they should be let off the hook. why shouldn't they pay their fair share? they are paying a lower tax rate today and effective -- >> that doesn't solve the problem. >> -- in about 80 years and it will help solve the problem because that means more revenues into...
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Apr 27, 2012
04/12
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there is a personality deficit and i think there is a program deficit. if you look at what groups like american cross roads are doing by going after obama's celebrity. there is something very significant about what you hear from republicans and all their acolytes. they're not trying to draw a contrast between what the republicans want to do on the economy and what obama wants to do. they're not trying to draw a contrast between obama's record on foreign policy and bush's record. obama has turned around the economy. rescued the auto industry. rescued the financial industry. he's gotten osama bin laden. all things the previous administration did not do very well at. and all things which romney has yetç to articulate a very, ver clear vision about. they're not trying to draw contrasts and they're going after these celebrity issues which really shows a lack of confidence. >> karl rove who made the ad seems to have given up on mitt romney. he has drawn up an electoral map. the blue states are romney. the red states are the president. by rove's assessment, r
there is a personality deficit and i think there is a program deficit. if you look at what groups like american cross roads are doing by going after obama's celebrity. there is something very significant about what you hear from republicans and all their acolytes. they're not trying to draw a contrast between what the republicans want to do on the economy and what obama wants to do. they're not trying to draw a contrast between obama's record on foreign policy and bush's record. obama has...
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Jan 25, 2012
01/12
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FOXNEWSW
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he said he'd cut deficit in half. not talking about saving social security and medicare tonight. $5 trillion in new debt. what did we get for $5 trillion? >> best way to reverse debt is have private sector job growth. one thing about the debt and deficit. he did make another proposal. we've done $2 trillion in deficit retux with the august 1 law. all spending cuts. i heard him reiterate that he would do another trillion dollars in medicare and medicaid and restraint on social security. i'm for that. if there were a trillion dollars in new revenue coming from the top 3% or 4% that, is an offer on the table this summer. this would get us another $2 trillion in debt reduction. we should do it. >> and there is colleagues that lead to man up and battle back and forth. wasn't too painful. >> wasn't painful at all. >> this is about first amendment. >> good to see you congressman. we'll spend a lifetime paying off this debt. we'll get into this next time. coming up, more reaction to tonight's state of the union address. i'll
he said he'd cut deficit in half. not talking about saving social security and medicare tonight. $5 trillion in new debt. what did we get for $5 trillion? >> best way to reverse debt is have private sector job growth. one thing about the debt and deficit. he did make another proposal. we've done $2 trillion in deficit retux with the august 1 law. all spending cuts. i heard him reiterate that he would do another trillion dollars in medicare and medicaid and restraint on social security....
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Sep 15, 2012
09/12
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FOXNEWSW
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record deficits under obama -- he said he would cut the deficit in half. record unemployment, the rofert employment record of any modern president, the housing market's a mess and the middle-east is burning. how much more chaos before people say, this guy's in over his head. >> i think this election is a real choice, right? whether or not the president actually is able to address some of these challenges is -- is one challenge-- >>> he has had four years. how does he address it in four years -- another downgrade. >> the downgrade, we know because we have seen this in the past, it's a complete reflection of whether or not-- >>> it's a reflection of a failed policy. >> whether or not they think congress and the president can get their act together-- >>> wait a minute. the ceo ooh cbo said, if they get their act together, unemployment goes up to nearly 9%. worst case, 9.5. >> it's leadership. we are talking about the economy, in addition to what is happening in the middle-east. you talk about skaginant economy, sequestration, not a solution at all for our deb
record deficits under obama -- he said he would cut the deficit in half. record unemployment, the rofert employment record of any modern president, the housing market's a mess and the middle-east is burning. how much more chaos before people say, this guy's in over his head. >> i think this election is a real choice, right? whether or not the president actually is able to address some of these challenges is -- is one challenge-- >>> he has had four years. how does he address it...
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Nov 15, 2012
11/12
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it is designed to get the deficits and these enormous debt to gdp levels under control. the problem, of course, is there a human cost and there is an economic cost. the cost of the human front is unemployment. in spain and greece, for instance, 25% of the people are unemployed. and there is negative growth. in spain today we had negative 1.6% gdp figures. if austerity goes on, the people you see on the pictures are protesting and understandably. they're seeing the standard of living decline aggressively on the back of the tax hikes. it sounds familiar to the debate you're having in the united states. the difference is we're living it now. you're talking about it in the future as well. so the potential ramifications of the fiscal cliff have affected europe. >> shoot me an e-mail at waytooearly@msnbc.com. let me know why you're awake right now. we've moved things around a little bit. we'll read the best responses later in the show. >>> still ahead on a what early," as if things were not bad enough for the jets on the field, now people are sniping with reporters as the team
it is designed to get the deficits and these enormous debt to gdp levels under control. the problem, of course, is there a human cost and there is an economic cost. the cost of the human front is unemployment. in spain and greece, for instance, 25% of the people are unemployed. and there is negative growth. in spain today we had negative 1.6% gdp figures. if austerity goes on, the people you see on the pictures are protesting and understandably. they're seeing the standard of living decline...